by Audit Your Superfund | Oct 15, 2018 | Blog
Careful planning needs to be thought about to ensure members do not exceed their contribution caps. Some clients who have lodged their 2018 tax returns have unintentionally exceeded their contribution caps. Contribution changes from the 1st of July 2017. Income...
by Audit Your Superfund | Dec 18, 2017 | Blog
How many of your clients are female SMSF trustees born after 1976? If ATO statistics are anything to go by the answer is probably “not many, if any”. However, as young hopefuls step up to the world of financial responsibility, accountants across Australia...
by Audit Your Superfund | Dec 5, 2017 | Blog
Following the July 1 super changes, the ATO will be paying particular attention to certain areas of compliance. When advising your clients on SMSF investment products, you’ll need to look out for these key focal points to ensure their assets continue growing in...
by Audit Your Superfund | Dec 5, 2017 | Blog
Picture a typical SMSF trustee. Who do you see? Everybody has their own idea of the typical Australian who wants to manage their own wealth – but that can lead to some dangerous assumptions about the attitudes and desires of your clients. Let’s break down...
by Audit Your Superfund | Sep 12, 2017 | Blog
If you’re not monitoring your SMSF compliance, you may find yourself liable for a number of contraventions. Loans to members and in-house assets are by far the most common contraventions, the Australian Taxation Office (ATO) reports. Loans from an SMSF are...
by Audit Your Superfund | Jul 31, 2017 | Blog
Why wind up an SMSF? Most of the time, because it’s no longer necessary. Trustees may have passed on, or there may no longer be a financial point of keeping it open. It may also be due to trustees not able to run an SMSF for example if they move overseas, or...
